Silver Range Advances the Sniper Property

• Silver Range Resources Ltd. announced an exploration update for its Sniper Property in western Nevada on May 6, 2026.
• The company expanded the claim footprint from 4 to 14 claims through recent staking activities.
• New grab sample assays returned gold values up to 16.65 g/t Au and silver values up to 18.90 g/t Ag across seven samples.
• One sample (K417766) returned the highest grade of 16.65 g/t Au, while others ranged from trace to 6.74 g/t Au.
• Historical grab samples from June 2024 on the same property previously returned up to 121 g/t Au and 1,375 g/t Ag.
• The mineralization is hosted in ribbon-banded quartz veins within the contact between the Jurassic Sylvania Pluton and Precambrian Wyman formation metasediments.
• Future work includes additional prospecting, geochemical surveys, geophysical surveys, and geologic mapping.

• The news confirms pending sampling results previously announced in January 2026, where the company stated analyses were pending for the Sniper expansion.
• While the grades are positive (16.65 g/t Au), they do not exceed historical highs reported on the same property (121 g/t Au) and fall short of the high-grade IOCG potential seen at Alamo (37.8 g/t Au).
• The claim expansion was already disclosed in January 2026, making the current assay results a follow-up rather than new strategic information.
• As a generator model company, surface sampling does not immediately translate to resource definition or revenue without partner drilling commitments.
• The market likely priced in this incremental exploration progress given the consistent stream of similar updates over the past year.

• Silver Range operates as a precious-metals prospect generator focused on the Southwest United States (Nevada, Arizona, Utah) and Canada.
• The strategy relies on an experienced technical team to generate concepts, define targets, and option projects to partners for funding.
• Flagship Projects include East Goldfield (high sulphidation epithermal), Alamo (IOCG style in Arizona), and Sniper (Nevada).
• The company holds a portfolio of approximately 35 properties with 12 optioned and 9 royalty interests.
• They have generated over $8 million in revenue from property transactions since 2016.